On Thursday, President Goodluck Jonathan, inaugurated a special post-graduate scholarship scheme for all university graduates with a first class degree.
At the State House in Abuja, a 10-man steering committee for the take off of the scheme was inaugurated.
Jonathan said that 60% of our lecturers in our 124 universities had no doctorate degree. He said this situation is not only "unacceptable but embarrassing."
He said: "The information I got from the Executive Secretary of the National Universities Commission (NUC) is that about 60 per cent of our academic staff in our universities don’t have PhD. that is quite embarrassing, I belief the Professors here will also feel bad.
"We have 124 universities, Federal, States and private and that is not good enough.
"I will set up an inter-ministerial department to work with some of you in the academics to come up with policies for robust training so that young men and women who are interested in academics could go anywhere in the world, that over the years we must bridge that gap.’’